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Topic
Board Beginners & Help
Re: will the bitcoin reach $1000 one day...?
by
1base58
on 27/06/2013, 21:53:48 UTC
Whats the inflation rate on fiat currencies  Cool
I think it depends on the currency. Try googling it, there should be a lot of results.

Meant in the case of a currency collapse or high inflation bitcoins will hit 1K pretty dang fast relative to any one currency Smiley

I would still be difficult for all currency pairs to collapse in unison. Governments own a lot of fiat currency (not just their own) and will always need to exchange this currency reserve for there own currency. In this way a lot of value can move between fiat currency pairs. So it is relative and not all pairs can devalue unless Governments decided to hold Bitcoin as a reserve currency (not impossible buy unlikely).